New York City, NY

Schedule of social security benefits for selected NY families arrived

Mark Star

Millions of Americans might receive the money in the next few weeks.

If you live in New York City, you must have an idea that the prices of food, clothing, and shelter are going up every day. Also, the rate of unemployment is something close to 5.6 percent.

More payment might come your way

Here's the good news that will surely affect your wallet if you and your family are residing in New York for some time. Eligible and selected taxpayers will receive not one but two checks.

One of these payments might be sent as Social Security Retirement, and the second one could arrive at your bank or a check will be sent as SSI payment.

Accordin to the New York Department of Taxation and Finances, only eligible people or families will get at least $100 per kid. This is only when their annual income is $55,000 or less and they have filed separately. People who are married and have filed jointly will get the money only when their yearly income is not more than $110,000.

According to a source, it should not be surprising when you receive two different payments this month.

The payment dates

Here is how the payment dates are determined, according to a report.

  1. Birth date 1 to 10: payments are sent on the 2nd Wednesday of the month.
  2. Birth date 11 to 20: money is sent on the 3rd Wednesday of the month.
  3. Birth date 21 to 31: amount is made available on the 4th Wednesday of the month.

Please note

A few, selected New York residents have already received their money. If you didn't get an update, you might not be on the list of eligible individuals this month. So there is nothing to worry about because many more programs are likely to be on your way. The chance is that social security payment will be delayed but only if you are considered eligible.

You can check the complete schedue here.

Sources:

1. https://finance.yahoo.com/news/social-security-payments-delayed-because-120411149.html

2. https://www.gobankingrates.com/retirement/social-security/why-did-i-get-two-social-security-checks-this-month/?utm_term=incontent_link_2&utm_campaign=1195092&utm_source=yahoo.com&utm_content=4&utm_medium=rss

3. https://finance.yahoo.com/news/why-did-two-social-security-120034876.html

4. https://ycharts.com/indicators/new_york_unemployment_rate

5. https://www.tax.ny.gov/pit/credits/empire_state_child_credit.htm

6. https://www.ssa.gov/pubs/EN-05-10031-2022.pdf

7. https://www.cnet.com/personal-finance/social-security-payments-for-december-when-to-expect-your-check/

8. https://www.osc.state.ny.us/press/releases/2022/12/dinapoli-young-people-nyc-still-face-double-digit-unemployment#:~:text=In%20comparison%2C%20overall%20unemployment%20is,and%203.4%25%20in%20the%20nation.

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Have you received your payments or you didn't get an update?

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